ED raids 7 locations in Jharkhand State Co-op bank 'fraud' case
The Enforcement Directorate (ED) is conducting raids across seven locations in Jharkhand and Odisha regarding a fraud case involving the Jharkhand State Co-operative Bank. The investigation centers on alleged financial irregularities involving businessman Sanjay Kumar Dalmia and bank officials.
Why it matters
This investigation underscores ongoing efforts by Indian authorities to combat financial corruption and money laundering within state-level cooperative institutions.
The Enforcement Directorate (ED) conducted searches in seven locations across Jharkhand and Odisha in the Jharkhand State Co-operative Bank scam case, according to an ED source.
The case is related to alleged large-scale fraud committed by businessman Sanjay Kumar Dalmia in connivance with the then JSCB officials.
Authorities are searching 7 locations in Jharkhand and Odisha under the Prevention of Money Laundering Act (PMLA), according to officials.
Published - September 18, 2026 08:43 am IST
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